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Dominion Energy Inc (D) receives a Neutral rating from BofA Securities

Dominion Energy Inc’s filing revealed that its Director RIGBY JOSEPH M acquired Company’s shares for reported $99998.0 on Mar 06 ’24. In the deal valued at $46.94 per share,2,130 shares were bought. As a result of this transaction, RIGBY JOSEPH M now holds 8,417 shares worth roughly $0.43 million.

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Then, BLUE ROBERT M bought 21,735 shares, generating $997,891 in total proceeds. Upon buying the shares at $45.91, the Chair, President and CEO now owns 176,240 shares.

Before that, Leopold Diane sold 6,250 shares. Dominion Energy Inc shares valued at $284,453 were divested by the Exec. Vice President and COO at a price of $45.51 per share. As a result of the transaction, Leopold Diane now holds 88,126 shares, worth roughly $4.53 million.

BofA Securities upgraded its Dominion Energy Inc [D] rating to a Neutral from a an Underperform in a research note published on May 10, 2024; the price target was increased to $54 from $43. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in mid March from “an Outperform” to “a Market perform”. Barclays also remained covering D and has increased its forecast on November 06, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. Scotiabank revised its rating on October 16, 2023. It rated D as “a Sector perform” which previously was an “a Sector outperform”.

Price Performance Review of D

On Friday, Dominion Energy Inc [NYSE:D] saw its stock fall -1.59% to $51.44. Over the last five days, the stock has lost -4.60%. Dominion Energy Inc shares have risen nearly 9.45% since the year began. Nevertheless, the stocks have fallen -3.03% over the past one year. While a 52-week high of $54.74 was reached on 05/21/24, a 52-week low of $39.18 was recorded on 02/13/24. SMA at 50 days reached $51.18, while 200 days put it at $47.27. A total of 4.8 million shares were traded, compared to the trading of 3.4 million shares in the previous session.

Levels Of Support And Resistance For D Stock

The 24-hour chart illustrates a support level at 51.20, which if violated will result in even more drops to 50.95. On the upside, there is a resistance level at 51.85. A further resistance level may holdings at 52.25. The Relative Strength Index (RSI) on the 14-day chart is 42.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.21%. Stochastics %K at 9.89% indicates the stock is a buying.

The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $52 price target.

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